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The Fed’s Big Problem, There Are Two Economies But Only One Interest Rate

On average, the economy looks OK. But averages are misleading. Several large groups of people are struggling. They all have one thing in common.Case-Shiller home price index, CPI rent index, and the index of hourly earnings for production and nonsupervisory workers. Who’s Unhappy?Those looking to buy a home but cannot afford the record high prices, are not faring well in this economy. The last great time to buy a home was in 2012. Over the next eight years, home prices moved further and further ...

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